Pirelli Bids $1.86 Billion for Firestone in Market Shakeup
Italian tire maker Pirelli launches a 58 a share cash offer totaling 1.86 billion for Firestone Tire and Rubber, threatening Firestone's plan to sell 75 percent of its tire division to Bridgestone. Firestone and Bridgestone had announced a joint venture plan in Akron, while Firestone reviews the bid.
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Job prospects bloom as spring hiring rises in survey
Manpower Inc. surveyed 13 000 employers and found 29 percent plan to hire this spring with 31 percent in the Northeast and 30 percent in the Midwest. Unemployment fell to 5.7 percent in February, with over 560 000 new jobs added, led by health and business services.
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